Nearly $1 Billion in Data Center Investment Flows to Ho Chi Minh City High-Tech Park
Ho Chi Minh City High-Tech Park attracted about $1.23 billion in new investment in the first nine months of 2026, including about $989 million from two data center projects. New investment priorities emphasize energy efficiency, renewable power and emissions reduction, while the projects raise questions about reliable electricity supply and monitoring during operations.
The management of Ho Chi Minh City High-Tech Park said the park attracted about $1.23 billion in new investment in the first nine months of 2026, 3.9 times the amount recorded in the same period a year earlier and 87.9% of its full-year target. The registered investment in two data center projects totaled $989.05 million, accounting for more than 80% of new investment.
Two data center projects accounted for more than 80% of new investment at Ho Chi Minh City High-Tech Park in the first nine months of the year.（VietVance）
In early November, the park’s management announced its list of projects seeking investment for 2026–2030. It identified seven sites and included environmental, energy and emissions criteria among its priorities. Projects given priority must set out a roadmap and commitment to reach net-zero emissions by 2045 at the latest, along with plans for waste treatment and environmental protection investment. For data centers, the list sets a power usage effectiveness (PUE) target below 1.3.
The Evolution DC VN HCMC project has registered investment of $508.78 million. It plans to use renewable energy, aims for a PUE of no more than 1.25 and seeks LEED Gold green building certification. The T8 site was handed over to the project in August 2026. The STARMASON hyperscale data center complex at the T9 site has registered investment of $480.26 million. Together, the two projects have a designed IT equipment load of 112 megawatts. That figure excludes electricity used for cooling, backup systems and other supporting facilities.
Ho Chi Minh City High-Tech Park is expanding investment in digital infrastructure projects.（VietVance）
Ho Chi Minh City Power Corporation said the city needs to prepare about 200 megawatts of electricity supply capacity for four data center projects with investment decisions already in place. Long-term demand could reach 1,000 megawatts. Those figures cover all four projects citywide, not just the two in the park. As the projects advance, reliable power supply, sources of renewable energy and checks on environmental commitments such as PUE during operations all require further work.
Source: VietVance
